62-08 68Th Avenue
Queens, NY, 11385 $ 1,465,000
Bedrooms4 Baths4.0 Sq 3,000 Monthly Estimate*
$ 8,774
Townhouse for sale in Queens, NY
for $1,465,000 with 4 bedrooms and 4 full baths. This 3,000 square foot townhouse was built in 1930.
Rare Ridgewood Offering for the Savvy Investor and/or End User
Lovingly maintained, and held by the same family for over 40 years, 62-08 68th Ave is ready for its legacy to be passed on. The classic ultra-wide and deep homes that line 68th avenue were built to endure through the centuries. Sitting on 25 X 100-foot lots, they comfortably accommodate the 4 units that most of these buildings house, but would make a luxurious and commodious single, or two-family townhouse as well. At nearly 3000 square feet interior and currently configured with two floor-through units per floor (4 free market apartments), plus a full 1400 sq. ft. basement with over 7' ceilings, and over 1000 sq. ft. of outdoor space, 62-08 offers a myriad of possibilities for the investor or end user. Maintain as is and collect handsome rents, update and renovate for incredibly high market rents, create an owner's duplex with a beautiful garden oasis and collect one, 2-, or 3-units worth of rental income, Or, build your single-family dream home. Additional FAR is available if expansion is desired. Special features include, 9 ft. ceilings, a large open backyard, and many original details including beautiful crown moldings, the original grand staircase and banister, and a stunning and ornate fireplace surround. This lovely home is flooded with light through 20 windows and an enormous skylight as well. The building shares a single boiler for efficient steam heating throughout, and 5 separate electric meters. All units are free market. Situated on a beautiful tree-lined, residential block in bustling Ridgewood, where trendy restaurants, breweries, coffee shops, bars, specialty shops, and boutiques abound. The Fresh Pond M train is less than 2 blocks away, Mafera Park just a few blocks down the street, and Forest Park just a little further offering multiple hiking trails and a wealth of opportunities for the outdoor enthusiast.
Investors: Cap rate with market rents is approximately 6% with tremendous upside available. With updating, projected cap rate is 8%.
First Open House Sunday May 12th by appointment. Please call or e-mail with any questions or to schedule a tour.
See more
FeaturesInteriorBasement Other
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Fireplace Y/N No
Full Baths 4
Half Baths 0
Laundry Features BuildingOther
Total Bedrooms 4
Entry Level 1
Total Baths 4
See more
GeneralGarage Spaces 0.0
Patio/Porch Features Patio
Pets Allowed BuildingYes No
Year Built 1930
View Other
Property SubType Townhouse
County Queens
New Construction No
Property Type Residential
Subdivision Name Glendale
Garage Y/N No
Building Features GreenBuilding
Total Rooms 16
City NewYorkCity
View Y/N No
NumberOfUnitsTotal 4
Lot Size Units SquareFeet
Land Lease Y/N No
Tax Annual Amount 9156.0
Structure Type Townhouse
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Pending
Tax Lot 0030
Expected Active Date 2024-05-07
See more
ExteriorLot Size Area 2500.0
Building Area Total 3000.0
Lot Dimensions 100.00x25.00
See more
* Excluded FeaturesList ByJennifer CarlsonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $8,774
- Monthly Property Taxes
- $763
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Jamaica, NY
Average List Price $547,200
Percent of Sale Price 63%
About Jamaica, NY 231,051 Population
0% Since 2002
$ 0 Median Income
0 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/7/2024 | $1,465,000 | | Listed Price |